The Kuwaiti banking sector is also going from strength to strength, with both Islamic and conventional banks booming. Kuwait currently has five Islamic and five non-Islamic banks, with the Islamic banking sector in particular expanding at a rate of around 9-10% a year. After seeing profits decline in 2020, the banking sector as a whole saw earnings rise by an impressive 56.6% in the 12 months to September 2021.
Established in 1967, Al Ahli Bank of Kuwait (ABK) has played a major role in Kuwait's socio-economic development and been involved in many governmental projects, and has helped investors coming into the Kuwait market.
ABK now has total assets of over $18.6 billion, with a loan book of about $12 billion at the end of 2021. "ABK has contributed strongly towards the development of the private sector, as well on the retail level. We're a universal bank, with 29 branches in Kuwait including the head office" says George Richani, ABK Group CEO.
هذه القصة مأخوذة من طبعة September 16, 2022 من Newsweek Europe.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة September 16, 2022 من Newsweek Europe.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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